M&A Deal Summary

Matthews International Acquires Aurora Casket Company

On August 20, 2015, Matthews International acquired manufacturer Aurora Casket Company from Kohlberg & Company for 214M USD

Acquisition Highlights
  • This is Matthews International’s 1st transaction in the Manufacturing sector.
  • This is Matthews International’s 2nd largest (disclosed) transaction.
  • This is Matthews International’s 7th transaction in the United States.
  • This is Matthews International’s 1st transaction in Indiana.

M&A Deal Summary

Date 2015-08-20
Target Aurora Casket Company
Sector Manufacturing
Buyer(s) Matthews International
Sellers(s) Kohlberg & Company
Deal Type Add-on Acquisition
Deal Value 214M USD

Target

Aurora Casket Company

Aurora, Indiana, United States
Aurora Casket Company ("Aurora") is a privately-owned funeral service supplier in America.

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Buyer(S) 1

Buyer

Matthews International

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1850
Sector Diversified
Employees12,000
Revenue 1.9B USD (2023)
DESCRIPTION

Matthews International is a designer, manufacturer, and marketer principally of memorialization products and brand solutions. Memorialization products consist primarily of bronze and granite memorials and other memorialization products, caskets and cremation equipment for the cemetery and funeral home industries. Matthews International was founded in 1850 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 10 of 16
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 10 of 16
State (Indiana) 1 of 1
Country (United States) 7 of 9
Year (2015) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-22 Blue Software

Des Plaines, Illinois, United States

BLUE Software LLC is a provider of artwork and label management software-as-a-service solutions to global brands in the consumer packaged goods, pharmaceutical and life sciences, and retail industries. Blue Software was founded in 2014 and is based in Des Plaines, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-28 Ungricht

Moenchengladbach, Germany

Ungricht GmbH is a provider of pre-press services and gravure printing forms.

Buy $27M

Seller(S) 1

SELLER

Kohlberg & Company

Mount Kisco, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kohlberg & Company is a private equity firm which acquires middle-market companies with consistent cash flow, and underperforming companies with operational deficiencies. Kohlberg looks to commit $100 to $500 million of equity capital in opportunities valued from $200 million to $2 billion. Kohlberg generally looks for opportunities in the manufacturing and service sectors, however the Firm will also selectively consider businesses in food and healthcare. Kohlberg tends not to consider technology or communications companies. Kohlberg & Company was formed in 1987 and has offices in Mt. Kisco, New York.


DEAL STATS #
Overall 28 of 47
Sector (Manufacturing) 2 of 3
Type (Add-on Acquisition) 13 of 18
State (Indiana) 3 of 4
Country (United States) 27 of 46
Year (2015) 1 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-08 Meadows Behavioral Healthcare

Phoenix, Arizona, United States

Meadows Behavioral Healthcare is a national provider of behavioral health offering differentiated, evidence-based healthcare treatment for people struggling with emotional trauma, drug and alcohol addiction, sex addiction, eating disorders, psychiatric disorders, and co-occurring conditions. Meadows Behavioral Healthcare offers significant clinical differentiation with full continuum-of-care services across all levels of care, industry-leading behavioral health thought leaders, and continuous development of new treatment pathways to align with patient needs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-24 Osmose

Peachtree City, Georgia, United States

Osmose is a provider of critical inspection, maintenance, and restoration services for utility and telecom infrastructure in the U.S. Osmose was founded in 1934 and is based in Peachtree City, Georgia.

Buy -